August by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

InstitutionalSeptember 2, 2024, 9:29AM EDT
August by the numbers: A look at crypto exchange volumes, open interest, and miner revenue
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Total adjusted on-chain volume, a proxy for economic throughput, saw a decrease of 15.3% to $377 billion in August. Overall, Bitcoin's on-chain volume decreased by 12.1% to $236 billion, while Ethereum's on-chain volume decreased by 20.2% to $141 billion.

In August, Bitcoin's on-chain volume was 1.7 times higher than Ethereum's.

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